USD/CHF (a 4- hour chart)
The Swiss franc strengthened after the release of GDP that turned out to be better than expected. In the 3rd quarter GDP of Switzerland rose by 0.5 % compared with the previous quarter when an increase by the same 0.5 % was observed - while expected growth was only 0.4%. In annual terms, GDP grew by 1.9% versus the expected 1.8% rise. The support of the Swiss economy in the last quarter helped the demand for its exports to Germany.
Tenkan-sen is crossed with Kijun-sen having formed a "Dead Cross". Chinkou Span crosses the price chart from the bottom up, the cloud remains growing. Tenkan-sen and Kijun-sen are following the price downwards. The Cloud is descending.
The pair will return to the upward movement if it gets back above the cloud. If the price returns above the Kijun-sen, the sell signal will be weakened and the further falling will be put under the question.
Bollinger Bands are directed downwards right now. Its bands are narrowing.
The MACD is at the negative zone.
Now the price will continue to decline testing 0.9040 mark .Despite this, the chart formed a falling wedge which may cause the beginning of further growth scenario, especially if the price breaks above 0.9100 - 0.9135 resistance area, testing 0.9040 mark.